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Construction output up despite January fall

According to ONS figures published last week, construction output in January fell by 0.4% but rose by 2.0% compared with one year earlier.

In addition, new orders in Q4 were 2.8% lower than Q3 and flat compared to a year ago.

Senior economist at the Construction Products Association, Rebecca Larkin, said: “Following an increase in output in Q4 last year, the overall fall in construction output in the opening month of 2017 was disappointing, with a decrease in housing, industrial, commercial and RM&I activity over the month. 

“Furthermore, the construction new orders data from the ONS suggests that there may be continued weakness in activity in some sectors during 2017.  Commercial new orders tailed off in the second half of 2016 and in Q4 were 10.6% lower than in Q3 and fell 24.1% from a year ago, and new orders in the industrial sector were the lowest in two years.

“Building work in both sectors requires a large up-front investment for a long-term rate of return and it appears decision-making has been clouded by a rise in economic uncertainty.

She added: “Taking total new orders growth of 2.9% in 2016 as a whole, however, shows there remains an impetus for construction activity over the next 12 months. As echoed in our forecasts, output during 2017 will be driven by higher orders for housing – both private and public – as well as infrastructure and new public sector buildings such as schools and hospitals.”

 

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

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HVACR Live: Visit stand B40 to engage and win big with Clivet products

This will be the first time Clivet has exhibited at HVACRLive ’23 at ExCel and we can’t wait! We are planning to launch at this amazing event with a bang and for the first time in the UK, and show you the extensive product range Clivet has to offer....

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SANHUA launches Braze Plate Heat Exchangers – BPHEs

With carbon neutralization the goal, it’s the top priority of most companies to increase the use of renewable energy and technologies to save energy and reduce emissions. The most direct and effective way to save energy is to improve the efficiency of our systems. Compared with other heat exchangers of the same purpose, properly designed BPHEs can provide higher heat transfer efficiency and lower pressure drops.
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